Local
30 August 2021
The percentage of subscribers who self-reported code breaches fell to 44% in the 2020/21 financial year from 51% in the prior period, according to the latest report from the Insurance Brokers Code Compliance Committee...
30 August 2021
The Federal Government will fund a COVID-19 vaccine indemnity scheme following consultations with groups including the Insurance Council of Australia, Australian Medical Association and Australian Chamber of Commerce and Industry...
30 August 2021
The Insurance Council of Australia second business interruption test case is set to start next Monday in the Federal Court after it was delayed by a week to allow more time to gather information...
30 August 2021
Expectations for a robust half of mergers & acquisitions in the Asia-Pacific region were frustrated during January-June by a high regulatory bar in some jurisdictions, law firm Clyde & Co says, with prospective acquirers facing higher solvency requirements...
30 August 2021
Motor vehicle thefts fell 15% to 47,803 in the year to June, Australia’s lowest rate of that crime since 2001/02...
30 August 2021
The Australian Press Council has ruled a series of 25 articles published by the Sydney Morning Herald related to icare and its former CEO John Nagle did not breach standards...
30 August 2021
While most of Australia is rated as having normal bushfire potential during spring, the Australasian Fire and Emergency Services Authorities Council warns that residents should be alert as destructive and deadly fires can still occur...
23 August 2021
The outlook for Australian insurance buyers is more positive moving into the second half of the year, with a trend of premium increase moderations established in the first half in some areas likely to continue, Marsh says in a mid-year update for the local market...
23 August 2021
Consumer groups have criticised an anti-hawking regulatory guide for highlighting the sale of travel insurance through an agent as an exemption...
23 August 2021
The business events industry has called for the creation of a government-led insurance scheme, possibly similar to one introduced by the UK, to help the sector cope with COVID disruptions...
23 August 2021
The Star Entertainment Group says it is still considering whether it will appeal after it was unsuccessful in court action against insurers over a business interruption claim for losses resulting from COVID-19 restrictions...
23 August 2021
The Insurance Council of Australia says Suncorp CEO Steve Johnston has joined the board while Hollard Holdings Australia MD Richard Enthoven has become Deputy President...
23 August 2021
Suncorp is funding a $200,000 round of grants for communities in NSW and South-East Queensland impacted by severe flooding in March as part of a $1 million initiative to encourage remote, rural and regional communities in Australia to rebuild more resiliently in preparation for future disasters...
16 August 2021
The insurance industry may have to reassess its COVID adjustment plans as it is increasingly apparent the coronavirus pandemic is a “completely different ballgame” from past communicable disease outbreaks, according to the Actuaries Institute...
16 August 2021
The Insurance Council of Australia has welcomed the latest climate change report from the United Nations, saying the latest findings on the state of the planet will provide “further guidance on this important issue”...
16 August 2021
Once a minnow in the field, local insurer Hollard has turbo-charged its GWP after pulling off the daring acquisition of Commonwealth Bank’s insurance business. The cover story in the latest edition of Insurance News magazine features the company’s founder Richard Enthoven, who talks about how the deal came about and how Hollard will leverage its new business to foster growth...
16 August 2021
Insurers have covered insured losses of $NZ32 million so far for a tornado that tore through the south Auckland suburb of Papatoetoe on June 19, the Insurance Council of New Zealand says...
16 August 2021
Brisbane-based insurer Suncorp is encouraging Queensland customers to “build back better” after releasing information on household claims it has dealt with over the past five years...
09 August 2021
The Insurance Council of Australia is considering the implications of a Federal Court decision that found a policy held by The Star Entertainment Group did not provide business interruption cover for COVID-19 restrictions...
09 August 2021
Australia continues to get some respite from last year’s high temperatures, but autumn weather brought extreme rain and rising sea levels...